FIFTY-SECOND LEGISLATURE
SECOND SESSION, 2016
February 2, 2016
Mr. Speaker:
Your BUSINESS AND EMPLOYMENT COMMITTEE, to whom has been referred
HOUSE BILL 184
has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:
1. On page 1, line 19, strike "A" and insert in lieu thereof "For each taxable year ending on or before December 31, 2025, a".
2. On pages 2 and 3, strike Paragraphs (1) through (6) in their entirety and insert in lieu thereof:
"(1) fifty percent of the first fifty thousand dollars ($50,000) in qualified small business income;
(2) forty percent of the second fifty thousand dollars ($50,000) in qualified small business income;
(3) thirty percent of the third fifty thousand dollars ($50,000) in qualified small business income;
(4) twenty percent of the fourth fifty thousand dollars ($50,000) in qualified small business income;
(5) ten percent of the fifth fifty thousand dollars ($50,000) in qualified small business income; and
(6) zero percent of qualified small business income that exceeds two hundred fifty thousand dollars ($250,000).".
3. On page 4, line 10, after "week", insert "for a minimum of twenty-six weeks per year".
4. On page 4, line 14, after "week", insert "for a minimum of twenty-six weeks per year".,
and thence referred to the WAYS AND MEANS COMMITTEE.
Respectfully submitted,
Jane E. Powdrell-Culbert, Chairwoman
Adopted Not Adopted
(Chief Clerk) (Chief Clerk)
Date
The roll call vote was 8 For 2 Against
Yes: 8
No: Garcia, MP, Trujillo, J.
Excused: Little, Rodella, Trujillo, CA
Absent: None
.203364.2
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